Iraq raises its gold possessions to more than 142 tons - 2/07/2024

[ronscarpa]

Iraq raises its gold possessions to more than 142 tons

EconomyBreakingGold ReserveWorld Gold CouncilIraqi Storage

 

2024-02-07 // 01:59

 

Shafaq News / The World Gold Council announced on Wednesday that Iraq had increased its possession of the yellow metal to more than 142 tons.

 

The council said in its latest table for last January, viewed by Shafaq News Agency, that “Iraq maintained its 30th position globally out of 100 countries included in the table with the largest gold reserves and raised its possession to 142.6 tons after it was 132 tons, which represents 8.3 tons.” % of its remaining other reserves.

 

He added, "Iraq ranked fourth in the Arab world after Saudi Arabia, which possessed 323.1 tons, followed by Lebanon, which possessed 286.8 tons, and Algeria, which possessed 173.6 tons."

 

He pointed out that "the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world at 8133.5 thousand tons, followed by Germany with 3352.6 thousand tons, then Italy came with 2451.8 thousand tons, while Bosnia and Herzegovina came at the bottom with 1.5 tons."

 

The Council stated, "Iraq announced the purchase of gold in the year 2023, amounting to approximately 12.25 tons."

 

It is noteworthy that the World Gold Council is based in the United Kingdom and has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

 

https://www.shafaq.com/ar/اقتصـاد/العراق-يرفع-حيازته-من-الذهب-لى-كثر-من-142-طنا

[SocalDinar]

Thanks Ronscarpa

 

https://www.iraqinews.com/iraq/iraqs-reserves-of-gold-rise-to-142-6-tons/

 

Iraq’s reserves of gold rise to 142.6 tons

• Amr Salem
•  February 7, 2024
•  166
•  2 min

Gold bars. Photo: David Gray/AFP/Getty Images

Baghdad (IraqiNews.com) – The World Gold Council revealed on Wednesday that Iraq increased its reserves of gold to more than 142 tons.

In its latest report issued in January, the World Gold Council said that Iraq remained ranked thirty out of the hundred countries with the greatest gold holdings in the world.

Iraq increased its gold reserves from 132 tons to 142.6 tons, representing 8.3 percent of its remaining other reserves.

The report elaborated that Iraq is ranked fourth in the Arab world, after Saudi Arabia, which possesses 323.1 tons, followed by Lebanon, which has 286.8 tons, and Algeria, which has 173.6 tons.

With 8,133.5 tons of gold, the United States of America leads the world in this regard. Germany is second with 3,352.6 tons, Italy is third with 2,451.8 tons, and Bosnia and Herzegovina is last with 1.5 tons.

The World Gold Council mentioned that Iraq purchased approximately 12.25 tons of gold in 2023.

Iraq, the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), resumed its purchases of gold in 2022 after a 4-year stoppage as part of a program to diversify its foreign assets, estimated at $100 billion.

The Central Bank of Iraq (CBI) bought 34 tons of gold in June 2022, representing an increase of 35 percent in its holdings at that time.

[NWGUY]

This is just another example of where Iraq is.  They have so much wealth, they can cover any amount they would like to revalue to.  

[Officiallytook]

Same..connects